Japan's economy in recession: Yosano+
TMCnet
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  IVR |  ITEXPO SHOW NEWS  |  Healthcare  |  Cisco News  |  Skype News  |  Microsoft News  |  AVAYA News
  INDUSTRIES
  VERTICALS
  HORIZONTAL
  PUBLICATIONS
  FREE RESOURCES
  INTERNATIONAL
  EVENTS
  ABOUT TMC
  COMMUNITIES
Share
TMCnews
[November 16, 2008]

Japan's economy in recession: Yosano+

(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Nov. 17_(Kyodo) _ (EDS: TO BE LED)

Japan's Economic and Fiscal Policy Minister Kaoru Yosano said Monday the second straight quarter of contraction in July-September gross domestic product for Japan shows the nation's economy is in a recession.

The GDP "shows that the economy is in a recessionary phase," Yosano told reporters.

As for the outlook, he said, "As the global economy is expected to slow down for the time being, downward movements (in Japan) are expected to continue."



The government said Monday morning Japan's economy shrank an annualized 0.4 percent in real terms in the July-September quarter, the second straight quarter of contraction.



Copyright ? 2008 Kyodo News International, Inc.

[ Back To TMCnet.com's Homepage ]


Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
Featured White Papers
Top Stories
Related VoIP News

Today @ TMC
Upcoming Events
ITEXPO West 2009
September 1-3, 2009
Los Angeles Convention Center
Los Angeles, CA
4G Wireless Evolution Conference
Collocated with ITEXPO
September 1-3, 2009
Los Angeles Convention Center
Los Angeles, CA
Subscribe FREE to all of TMC's monthly magazines. Click here now.